With the approval of Sheng Xuanhuai, the minister in charge of national railway affairs, the Qing court was established in Huangpu Road, Shanghai on April 26th, Guangxu 2003 (1May 27th, 897), and it was also the first bank in China to issue paper money.

In the same year, we opened branches in Beijing, Tianjin, Hankou and Guangzhou. 10 (192 1) and then set up branches in Nanjing, Ningbo, Hankou and other places, which is a symbol of the modernization of China's financial industry.

history

From 65438 to 0895, after China was defeated in the Sino-Japanese War of 1894-1895, due to the need to pay huge reparations, the funds of westernization enterprises were seriously short.

China Commercial Bank, initiated by Sheng Xuanhuai, was established at No.6 Bund on May 27th, 1897. The paid-in capital is 2502 1 000,000 yuan, which comes from China Merchants Bureau and Telegraph Bureau headed by Sheng Xuanhuai, 782,000 yuan from Li Hongzhang and other officials, and the rest comes from commercial stocks.

The bank issued paper money on 1898 and stopped using it after 19 12.

19 19, Fu Xiaoan became the manager of China district and mastered the real power of the bank.

1934 The paid-in capital of this bank was 3.5 million yuan, ranking 15 among the major banks in Shanghai.

In the same year, a 65,438+07-storey commercial building was built at the intersection of Jiangxi Road and Fuzhou at a cost of 2,654,380+million yuan.

1935 faced a crisis in the silver tide. Due to the run on bank notes, bureaucratic capital banks joined the "official shares" to form a "joint bank of officials and businessmen", which is controlled by the Central Bank, Bank of China and Bank of Communications, and has become one of the "small four banks" (Siming Bank, Industrial Bank of China and domestic banks in China), with Du as the chairman.

1949 "official shares" was acquired by People's Republic of China (PRC) (China) * * *.

1951on may 8, Shang Tong bank and four public-private joint banks, Xinhua, xingye, Siming and Jianye, jointly established a new five-element joint board of directors of public-private joint ventures.

1952 65438+February merged with other banks to form a unified public-private joint bank, which was managed by the joint comprehensive management office of public-private joint banks. The unified public-private joint bank was merged into the People's Bank of China on 1958.

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Running die

In Germany, Japan and other places, banks are mainly operated by industrial companies; In other countries, such as the United States, non-financial institutions are not allowed to operate banks.

The bank is responsible for paying cash, cashing checks and collecting checks for customers.

In addition, it also provides customers with other payment methods, such as wire transfer, terminal and ATM.

Banks accept certificates such as deposits, time deposits, and the issuance of banknotes and bonds as loans.

These loans, borrowing money, accepting funds into current accounts, accepting time deposits and issuing debt securities, such as banknotes and bonds.

Bank loans are used for loans to customers, installment payments, investment in securities and other loan purposes.

Banks can provide all payment services, and bank accounts are essential for most companies, individuals and * * *.

Other non-bank payment service providers, such as remittance companies, are usually not regarded as substitutes for bank accounts.

Most bank loans come from households and non-financial companies, and borrowers are mostly households and non-financial companies.

In most cases, non-bank lending institutions are like substitutes for banks, and money markets, cash management trusts and other non-bank financial institutions can often provide lending functions.

The broad commercial role of banks

Banking business is not limited to banks, but also includes other commercial businesses:

1. Issue paper money (issued by the bank, and the holder can ask the bank to fulfill the payment obligation).

2. Pay by telegraphic transfer, terminal, online banking or other means.

3. Issue bank drafts and checks.

Step 4 handle time deposits

5. Cash advance, installment payment or other similar loans

6. Deal with the opening and reopening of letters of credit, guarantee, performance bond, securities underwriting and other off-balance-sheet risks.

7. Document guarantee and secure transaction

8. Currency exchange

9. Directly or indirectly sell or promote insurance, fund and trust business or other similar financial and investment products to form a "financial supermarket".